Thoma Bravo, a San Francisco, CA-based software investment firm, acquired NextGen Healthcare, an Atlanta, GA-based provider of cloud-based healthcare technology solutions, for $1.8 Billion.
With the completion of the transaction, NextGen Healthcare shareholders are entitled to receive $23.95 per share in cash. Its common stock has ceased trading and will be delisted from Nasdaq.
Led by CEO David Sides, NextGen Healthcare is a provider of healthcare technology solutions which specializes in ambulatory healthcare. The company partners with medical, behavioral and oral health providers to increase their clinical quality and productivity, and enrich the patient experience to drive higher financial performance. Its surround portfolio includes innovations designed to alleviate physician burnout and improve the patient experience including: AI-powered NextGen® Ambient Assist, an ambient listening solution that securely populates the EHR; NextGen® Mobile, and NextGen Virtual Visits™.
NextGen Healthcare serves more than 100,000 ambulatory healthcare providers who care for more than 65 million patients in the US.
Thoma Bravo is a software investor with more than US$131 Billion in assets under management as of June 30, 2023. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging its sector expertise and strategic and operational capabilities, the firm collaborates with its portfolio companies to implement operating practices and drive growth initiatives. Over the past 20 years, the firm has acquired or invested in more than 450 companies representing over US$250 Billion in enterprise value (including control and non-control investments).
The firm has offices in Chicago, London, Miami, New York and San Francisco.
FinSMEs
13/11/2023